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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Levy of penalty u/s.271(1)(c) - bogus purchase - surrender of ...


Penalty Imposed for Bogus Purchases u/s 271(1)(c) Due to Non-Voluntary Income Surrender During Investigation.

January 30, 2017

Case Laws     Income Tax     AT

Levy of penalty u/s.271(1)(c) - bogus purchase - surrender of income on account of investigation to buy the peace is not voluntarily - it is a fit case to levy the penalty - AT

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